611 Alaqua Drive
About This Property
The home has received several thoughtful updates, including a high-efficiency air-conditioning system, new toilets, vanities, tubs, and light fixtures. A spacious sunroom provides additional room to nurture plants, or create the perfect hobby space, while the back porch makes it easy to enjoy the waterfront surroundings. The property also features a two-car garage, offering valuable parking, storage, and workspace. The outdoor space gives you room to garden, grill, gather with friends, or simply unwind beneath the Florida sky.
Whether you are searching for a full-time family home, a peaceful weekend getaway, or a property with Airbnb potential, this home offers space, flexibility, and a waterfront lifestyle in one inviting package. Enjoy the charm of bayou living while remaining conveniently located in growing Freeport. Properties offering this combination of water, space, and versatility are a rare find--bring your vision and make this one yours! Property in Flood Zone X, we have current insurance quotes.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 19, 2026 | In contract | - | |
| In contract | |||
| Aug 6, 2026 | Listed by Realty Pointe of Florida LLC | $229,000 | |
| Listed by Realty Pointe of Florida LLC | |||
| Jul 31, 2026 | Price Decreased |
$215,000
↓ $5K
(2.3%) | |
| Price Decreased | |||
| Apr 25, 2026 | Listed by Keller Williams Realty Southeast Alabama | $220,000 | |
| Listed by Keller Williams Realty Southeast Alabama | |||
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3-bedroom, 2-bath mobile home located on Alaqua Bayou, just steps from Choctawhatchee Bay. This property offers a great opportunity as an investment or full-time residence. Enjoy peaceful water views right from your back porch--perfect for relaxing or morning coffee.
Conveniently located approximately 30 minutes from Destin, FL and 27 miles from Eglin Air Force Base, with easy access to shopping and dining.
Schedule your showing today.
Buyer and buyer's agent to verify all information deemed important.
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| Mar 13, 2017 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017